(b) An application submitted to the board under this article shall include all of the following information:

1. (1) An identification of any deficiencies in information that may impair the development or implementation of a project.

2. (2) A discussion of the efforts undertaken to implement the project and to obtain the participation of both of the following:

   1. (A) Public agencies with relevant responsibilities in the watershed.
   2. (B) Persons and entities in the watershed who may be affected by recommendations of the project and whose participation is essential to the success of the project.
3. (3) Evidence in the form of a statement from a private person or entity that that person or entity consents to the inclusion of private property in the project, as appropriate.
4. (4) A monitoring plan to determine whether project purposes are satisfied.
5. (5) An outline of the way in which project participants will, during the development and implementation of the project, identify and take into account any activities being undertaken by persons or entities in the watershed under federal or state law to rehabilitate the watershed. A project shall include voluntary and incentive-based strategies for the long-term rehabilitation of the watershed.
6. (6) An identification of the technical, financial, or other assistance that the applicant will request to develop or implement the project.
7. (7) When feasible, an identification of quantifiable, innovative, and cost-effective methods for achieving project purposes.